MediPharm Labs (TSE:LABS) Shares Down 12.5% – Time to Sell?

MediPharm Labs Corp. (TSE:LABSGet Free Report) was down 12.5% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 27,310 shares were traded during trading, a decline of 93% from the average daily volume of 378,419 shares. The stock had previously closed at C$0.08.

MediPharm Labs Trading Down 6.3 %

The company has a debt-to-equity ratio of 1.45, a current ratio of 3.21 and a quick ratio of 3.10. The stock’s 50 day moving average is C$0.07 and its 200-day moving average is C$0.07. The company has a market capitalization of C$31.12 million, a P/E ratio of -2.58 and a beta of 0.88.

MediPharm Labs Company Profile

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MediPharm Labs Corp., a pharmaceutical company, produces and sells pharmaceutical-quality cannabis oil and concentrates, and advanced derivative products in Canada and internationally. The company formulates, processes, packages, and distributes cannabis extracts and advanced cannabinoid-based products.

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